Lamest Bankroll Management Question ever!

**LT Profits** · 03-27-16, 04:33 PM

2 Things:

1)Bet should be TO WIN 1%, so at +110, bet should be $16.68 to win $18.35.

2)Technically, bankroll should be re-calced after each bet, so if you win $18.35 and new balance is $1853.35, next bet should be $18.53.

However, I know it is impractical to re-calc after every bet especially when there are simultaneous plays going on, so personally I calculate based on beginning bankroll at the start of the day and just stay with that amount for all bets until following morning.

**PittsburghPlayer** · 03-27-16, 04:35 PM

Do all that and "hammer-down" on a game after you lose 3,4,5 (whatever # best suits YOU) in a row.
Ftr, by "hammer-down" I mean "ENTIRE remaining bankroll". . .

**Suggartown** · 03-27-16, 04:49 PM

Originally posted by LT Profits

2 Things:

1)Bet should be TO WIN 1%, so at +110, bet should be $16.68 to win $18.35.

2)Technically, bankroll should be re-calced after each bet, so if you win $18.35 and new balance is $1853.35, next bet should be $18.53.

However, I know it is impractical to re-calc after every bet especially when there are simultaneous plays going on, so personally I calculate based on beginning bankroll at the start of the day and just stay with that amount for all bets until following morning.

Thank you for your reply. That makes alot of sense. I think that's what I will do is do it on a daily basis.

Originally posted by PittsburghPlayer

Do all that and "hammer-down" on a game after you lose 3,4,5 (whatever # best suits YOU) in a row.
Ftr, by "hammer-down" I mean "ENTIRE remaining bankroll". . .

I have played this game before, it did not like me very well. Thus the new strategy. I do wish Pool the best of luck with his play tonight however!

**Suggartown** · 03-27-16, 04:56 PM

Originally posted by LT Profits

2 Things:

1)Bet should be TO WIN 1%, so at +110, bet should be $16.68 to win $18.35.

2)Technically, bankroll should be re-calced after each bet, so if you win $18.35 and new balance is $1853.35, next bet should be $18.53.

However, I know it is impractical to re-calc after every bet especially when there are simultaneous plays going on, so personally I calculate based on beginning bankroll at the start of the day and just stay with that amount for all bets until following morning.

Ok one other thing, if odds were -110 do I risk enough to win $18.35 or risk $18.35 to win $16.something?

**PittsburghPlayer** · 03-27-16, 04:59 PM

Originally posted by Suggartown

Ok one other thing, if odds were -110 do I risk enough to win $18.35 or risk $18.35 to win $16.something?

He answered that. Now "hammer-down"...

just messin` with Ya, but he did answer that.

**LT Profits** · 03-27-16, 05:04 PM

Originally posted by Suggartown

Ok one other thing, if odds were -110 do I risk enough to win $18.35 or risk $18.35 to win $16.something?

Always TO WIN, so $20.19 to win $18.35

**Suggartown** · 03-27-16, 05:08 PM

Thanks LT

**MoMoneyMoVaughn** · 03-27-16, 05:10 PM

Good lord.

**BuckyOne** · 03-27-16, 05:12 PM

I like your % plan and certainly think the method you and LT are talking about is solid. I modified it a little bit for myself to moving the amount bet and checkpoints . In your case - let's so you move up at 2000, 2100,2200 etc. it worked two ways - money and motivation - I almost wanted to hit the bet so I could move up on the next one - being in the 2k category etc.

Have you studied Kelly Criterion on when to increase the % or decrease?

**Suggartown** · 03-27-16, 05:20 PM

Originally posted by MoMoneyMoVaughn

Good lord.

God is good all the time. Its Easter even!

**Suggartown** · 03-27-16, 05:21 PM

Originally posted by BuckyOne

I like your % plan and certainly think the method you and LT are talking about is solid. I modified it a little bit for myself to moving the amount bet and checkpoints . In your case - let's so you move up at 2000, 2100,2200 etc. it worked two ways - money and motivation - I almost wanted to hit the bet so I could move up on the next one - being in the 2k category etc.

Have you studied Kelly Criterion on when to increase the % or decrease?

I have not. Maybe I should check it out. thx

**MoMoneyMoVaughn** · 03-27-16, 05:56 PM

Originally posted by Suggartown

God is good all the time. Its Easter even!

I am nod a beeleafer.

**PittsburghPlayer** · 03-27-16, 07:36 PM

...

**BuckyOne** · 03-27-16, 08:14 PM

That's the brutal part of Kelly Criterion - if you are not a winning player-53% on spread bets - it says don't bet until can show a paper profit and then you can start betting again. It teaches a lot of good things - bet more on more perceived value, etc. But, that is the hard part - you nail a good bet/price - it is really hard to calculate possible value - that is somewhat debatable.

I guess we would all like to work with a 50k bank and shoot nickels. I have a lot of respect for a player who grinds his way to his bank goal over a year or even 2 - plays with the sportsbooks money and eventually brings it home.

**GunShard** · 03-27-16, 08:46 PM

Originally posted by LT Profits

2 Things:

1)Bet should be TO WIN 1%, so at +110, bet should be $16.68 to win $18.35.

2)Technically, bankroll should be re-calced after each bet, so if you win $18.35 and new balance is $1853.35, next bet should be $18.53.

However, I know it is impractical to re-calc after every bet especially when there are simultaneous plays going on, so personally I calculate based on beginning bankroll at the start of the day and just stay with that amount for all bets until following morning.

I agree with the 1% of total bankroll money management betting strategy.
Everyone new to sports betting and even veteran bettors should be betting this way to prevent being broke.

**biggie12** · 03-27-16, 09:01 PM

With a 2k bankroll your better off getting a minimum wage job u will be better off.

Unless ur just betting recreationally for fun and trying to limit losses

Go get a job

**BuckyOne** · 03-28-16, 10:33 PM

Originally posted by biggie12

With a 2k bankroll your better off getting a minimum wage job u will be better off.

Unless ur just betting recreationally for fun and trying to limit losses

Go get a job

Kelly is not about limiting losses - he says don't play if you are not picking at 53%+. It is about winning no matter what level you play at. But, I see your point that it takes a lot of time and effort to make winning picks and is it worth it for small amounts. Maybe, it is if someone is learning how to win?